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It has its own almost-opposite problem in only counting employees who did leave.
by naniwaduni 4y ago
It has its own almost-opposite problem in only counting employees who did leave.
- askafriend 4y agoWell you can also just count current employees' tenure. That fixes the problem and is qualitatively consistent IMO.
- ivalm 4y agoThat’s how you get 3 years because everyone is new.
- askafriend 4y agoYou're right - my mistake.
- jrumbut 4y agoThen you get into the field of survival analysis, where you get methods that can handle this problem (called right censoring IIRC). https://en.m.wikipedia.org/wiki/Kaplan%E2%80%93Meier_estimator https://en.m.wikipedia.org/wiki/Kaplan%E2%80%93Meier_estimat...
- matt-attack 4y agoExactly. If half your workforce is happy and has been there 20 years, that’s entirely non reflected in such a figure. There must be a better metric.